At present, domestic mutual funds have about 2.49 crore SIP accounts through which investors regularly invest in Indian mutual fund schemes
During the month under review, equity schemes, balanced funds and equity-linked savings schemes (ELSS) added a total of 10.6 lakh folios between them
Mutual funds attributed the increased interest in SIPs to investor education and matured behavior of investors
With this, total funds garnered through SIPs (Systematic Investment Plans) have reached to Rs 52,472 crore in the current fiscal so far (April-October), according to the data available with Association of Mutual Funds in India (Amfi).
Strong domestic mutual fund inflows into equities continue to more than offset the lackluster FPI flows in the recent years
The open-ended liquid scheme will deploy its entire corpus in debt and money market instruments with a maturity/residual maturity of up to 91 days
Jain will handle Tata Digital India Fund, Tata Equity Savings Fund, Tata India Pharma and Healthcare Fund and Tata Resources and Energy Fund
In the first six months, S&P BSE Sensex rose 10 percent, but September alone, S&P BSE Sensex lost more than 2,400 points, or 6.2 percent
The advanced NAV search will allow investors and distributors to check NAVs using either old scheme name or new scheme name, asset class wise using partial or full string search.
The rupee has fallen over 15 percent against the dollar so far this year
The open-ended dynamic asset allocation fund will deploy at least 65 percent of its assets in equity and equity-related securities including hedged derivatives
John C Bogle founder of Vanguard Group also said that dividends are the best friends of stock investors.
The asset-weighted return for large-cap equity funds was 51 bps higher than the equal-weighted return over the 10-year period
An exit load of 1 percent will be levied on redemption or switch-out of units beyond 12 percent within one year from the date of allotment
Not only have mutual funds, foreign institutional investors too cut their exposure in Yes Bank
Fears of a liquidity crunch following the IL&FS crisis hit the mutual fund industry in September. Cash plans or liquid funds were the worst hit
The scheme will deploy 100 percent of its corpus in overnight securities
Earlier the minimum investment was Rs 1,000 and in multiples of one rupee
This comes following a net infusion of Rs 11,600 crore in equities by the fund managers and a net withdrawal of Rs 10,825 crore from stocks by FPIs in September, latest data available with the markets regulator Securities and Exchange Board of India (Sebi) and depositories showed.
Chandan’s role will be to guide the equity team in providing equity strategy for various equity funds
The open-ended scheme replicating or tracking Nifty 50 Index will deploy at least 95 percent of its assets in equity and equity-related securities covered by the Nifty 50 Index
Reverse charge is a mechanism where the recipient of the goods and/or services is liable to pay GST instead of the supplier
Singh brings with him over 23 years of investment experience
Shah was elected as Chairman on October 12 and replaces A Balasubramanian, CEO of Aditya Birla Sun Life Mutual Fund, who took over as AMFI Chairman in October 2016
The resulting impact on debt mutual funds' risk appetite had raised concerns about how NBFCs will meet their funding needs